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Three major South Korean battery cell makers -- LG Energy Solution, SK On and Samsung SDI -- are projected to see steady growth in revenue and profitability in the next few years as they race to meet the growing demand for secondary batteries to power electric vehicles in the United States, data sh...
The Korea Herald, the nation’s largest English newspaper by circulation, will hold its annual business forum on Oct. 19 to shed light on the latest technology trends that could change the way people live and the ways to make the transition smooth and effective. Under the theme of “Humanity in Te...
South Korean households are feeling the inflation pinch as they brace for the annual kimchi-making season later this year. The average price for 10 kilograms of cabbages, the key ingredient for kimchi, surged on-year by 116.6 percent to 32,940 won ($23.7) as of Sept. 16, data from the state-run Ko...
The Medicines and Healthcare products Regulatory Agency -- the UK’s drug authorization body -- has granted Celltrion sales approval for oncology biosimilar Vegzelma in the country, the South Korean company announced Monday. According to Celltrion, Vegzelma was authorized for the treatment of mult...
The sharply weakening value of the Korean currency has raised alarms among onlookers in recent weeks as it could lead to higher trade deficit, taking a toll on the nation’s economy, sources said Monday. The Korean won was trading at 1,391.9 won against the US dollar around 2 p.m. on Monday, inchi...
The number of people visiting cinemas in June nearly reached pre-pandemic levels, about 94 percent of figures seen in January 2019, according to a study released Monday. The number of moviegoers in the first half of this year surged 178 percent compared to the same period last year, according to a...
SEJONG -- The Organization for Economic Cooperation and Development on Monday predicted that the gross domestic product growth of South Korea would stay in the low 2 percent range next year. In particular, the Paris-based OECD forecast that the nation’s exports and private consumption would post ...
Kakao Mobility and Hyundai Motor Group said Monday they have teamed up to debut a new taxi-hailing service using autonomous driving technology, with the first test-run set to be carried out within the year. The two firms said they have recently signed a memorandum of understanding to test driverle...
South Korean semiconductor stocks are treading on a bumpy road as slowing orders in the chip industry plaguing memory powerhouses Samsung Electronics and SK hynix have dampened prospects. Since January, Samsung Electronics' share price has fallen nearly 30 percent, while its hometown rival SK hyni...
SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry, held meetings with Japanese political and business leaders, including Prime Minister Fumio Kishida, to ask Tokyo’s support for South Korean port city Busan’s bid to host the 2030 World Expo. Ch...
Some 10,000 unionized financial workers held their first strike in six years on Friday, but the rally may have backfired on them, as their absence at work had minimal impact on customer services, sources said Sunday. The Korean Financial Industry Union affiliated with the Federation of Korean Trad...
South Korea will cut down the time it takes to complete the review process for national research and development projects to 4 1/2 months from the current seven-month period to secure the timeliness of certain projects, the Ministry of Science and ICT said Friday, as it announced the revised polici...
Such abatement technologies are a core part of Samsung Electronics' renewed green commitment under the "New Environmental Strategy" unveiled Thursday, aimed at fully transitioning to renewable energy and achieving net-zero emissions. Samsung has pledged a 7 trillion won ($5 billion) investment to ...
Hyundai Motor Group on Friday unveiled its vision for future mobility with its purpose-built vehicle and the latest user experience technology that underlies it, with an aim to help drivers and passengers make better use of their time inside the vehicle. Showcasing prototypes and technologies at U...
US President Joe Biden’s executive order on bolstering the country's biotechnology and biomanufacturing sectors with over $2 billion in spending will not dampen the outlook for the South Korean bio industry, according to industry insiders and analysts. The US-first initiative could rather serve as...
Morocco promises robust incentives for Korean businesses
Incheon Airport completes expansion to handle 100m passengers annually
Renault Grand Koleos rises as 'game changer' in hybrid SUV market
Woori Bank taps corporate banking expert as next CEO
Zyx Technology, TMA Solutions join hands for global AI collaboration
[Contribution] Preparing for future with strategic public procurement